Commonwealth Economics in Perspective: Lessons from the East Asian Model

Different approaches to capitalism in the former Soviet Union are discussed in light of recent reassessments of the East Asian economic experience. A reinterpretation of theories of late-development and of economic learning is proposed to explain the focus of economists on post-Soviet/East Asian commonalities in the areas of state-led development policies and group-oriented management techniques. The paper draws on the author's extensive interviews conducted at academic institutes in Moscow and in the Russian Far East studying the Pacific Rim economies, as well as official sources and literature, Journal of Economic Literature, Classification Numbers: P20, P52.